[quote=underdose]If you go in fully expecting short term price declines but long term inflation, a 30 year fixed that shrinks in real terms overall might prove to be better than free floating rents.[/quote]Yes. This is the well-known, age-old technique for wealth building through real estate. Pay with weaker and weaker dollars. Even better with today’s low interest and if you can get a renter to cover your mortgage payments. Which brings us back to the cost of rent vs. cost to own (still out of proportion).